ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On 21 September 2010, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 7.688 which temporarily eliminates the Value Added Tax (VAT) on imports of housing equipment such as refrigerators, washing machines, dryers, air conditioners and etc.
This measure entered into force retroactively on 1 August 2010 for the period of one year.
On 24 May 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.245 which extended the previous measure for two more years.
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